VIX (Volatility Index) Kya Hai: Ek Comprehensive Guide with Examples
VIX ko market ka “Fear Index” bhi kaha jata hai. Yeh ek aisa indicator hai jo market mein hone wale volatility ko naapta hai, yaani market kitna tezi se upar ya neeche move kar sakta hai, uski prediction karta hai.
VIX, yaani Volatility Index, Chicago Board Options Exchange (CBOE) ke dwara banaya gaya ek index hai, jo market ki expected volatility ko measure karta hai. Yeh next 30 days ke liye market mein kitni halchal ho sakti hai, uska andaza lagata hai.
Example: Agar VIX ka level 20 hai, iska matlab hai ki market agle ek mahine mein 20% tak upar ya neeche ja sakta hai.
2. VIX Kaise Kaam Karta Hai?
VIX ko options ke price ke aadhar par calculate kiya jaata hai. Yeh index Nifty50 Index ke options ki price ke upar based hota hai. Jab options ki price badhti hai, iska matlab traders zyada risk dekh rahe hain, aur VIX ka level upar chala jaata hai.
Example: Maan lijiye, Nifty 50 index mein options ki price mein achanak se tezi aati hai, iska matlab traders yeh maante hain ki market mein aane wale dinon mein zyada fluctuation ho sakta hai. Is wajah se VIX ka level bhi badh jaata hai.
3. VIX Aur Market Ka Rishta
VIX ka market ke saath ulta rishta hota hai. Jab market girta hai, toh VIX ka level badhta hai, kyunki girta market zyada risk ko darshata hai. Aur jab market stable ya bullish hota hai, toh VIX ka level neeche aa jata hai.
Example: Agar stock market crash hone wala hai, toh investors panic mein aakar zyada options kharidte hain, jo VIX ko badhata hai. Jaise 2020 mein COVID19 ke time par, VIX kaafi upar chala gaya tha.
4. VIX Ka Calculation Kaise Hota Hai?
VIX ke calculation ka base Nifty50 index ke options ke prices hote hain. Yeh options ka “implied volatility” measure karta hai, jo yeh batata hai ki traders agle 30 dinon mein kitna fluctuation expect kar rahe hain.
Example: Agar Nifty50 ke options ki price badh rahi hain, iska matlab market mein uncertainty badh rahi hai, aur is wajah se VIX ka calculation higher hoga.
5. VIX High Hona Kya Darshata Hai?
Agar VIX ka level high hai, toh iska matlab market mein volatility zyada hai. High VIX ka matlab hota hai ki investors market ke future ko lekar nervous hain aur kuch bada hone ki sambhavana dekh rahe hain.
Example: Agar VIX 30 ya usse zyada hai, toh iska matlab market mein bahut zyada uncertainty hai. Jaise financial crisis ke time par ya wars ke time par VIX ka level high hota hai.
6. VIX Low Hona Kya Darshata Hai?
Jab VIX ka level low hota hai, toh iska matlab market stable hai aur volatility kam hai. Low VIX ka matlab hota hai ki investors confident hain aur market smooth rahega.
Example: Agar VIX 15 ya usse kam hai, toh iska matlab market stable hai. Aise time par investors ko lagta hai ki market mein koi badi halchal nahi hogi.
7. VIX Ko Use Karne Ka Tariqa
Traders aur investors VIX ka upyog market ke sentiment ko samajhne ke liye karte hain. High VIX ka matlab hota hai ki market mein zyada risk hai, aur low VIX ka matlab hota hai ki market shaant hai.
Example: Agar VIX ka level high hai, toh kai traders defensive strategies adopt karte hain jaise options ka use karna ya gold mein invest karna. Agar VIX low hai, toh investors aggressively invest kar sakte hain.
8. VIX Ka Upyog Kar Ke Trading
VIX ko directly trade nahi kiya ja sakta, lekin VIX-based financial instruments jaise VIX futures aur VIX ETFs ka upyog karke traders profit kama sakte hain.
Example: Agar aapko lagta hai ki market mein volatility badhne wali hai, toh aap VIX futures kharid sakte hain. Jaise hi VIX badhta hai, aapko profit hoga.
9. VIX Trading Ki Risk Aur Rewards
VIX par trading risky hoti hai kyunki yeh market ke short-term movements ke upar depend karta hai. VIX kaafi jaldi badh sakta hai ya gir sakta hai, isliye isme risk management zaroori hai.
Example: Agar aapne high volatility ke expectation mein VIX futures kharide, lekin market stable raha aur VIX neeche aa gaya, toh aapko nuksan ho sakta hai. Isliye stop loss aur proper strategy ke saath trade karna chahiye.
10. VIX Aur Portfolio Hedging
VIX ka use portfolio ko hedge karne ke liye bhi kiya ja sakta hai. Jab aapko lagta hai ki market gir sakta hai, tab aap apne portfolio ke risk ko hedge karne ke liye VIX ETFs ya VIX futures ka upyog kar sakte hain.
Example: Maan lijiye aapke paas stocks ka ek bada portfolio hai aur aapko lagta hai ki market crash ho sakta hai. Aap VIX futures ya VIX ETFs mein invest karke apne portfolio ke nuksan ko balance kar sakte hain.
FAQ’s About VIX Index in Hindi
Yeh rahe VIX se jude 10 common sawal aur unke jawab, jo upar ke article mein cover nahi kiye gaye–
1. Kya VIX index stock market ke baaki indices jaise Nifty ya Sensex se juda hua hai?
Nahi, VIX Nifty50 options ke upar based hota hai, toh yeh directly Nifty ya Sensex se juda hua nahi hota. Lekin VIX global sentiment ko darshata hai, isliye agar US market mein volatility badhti hai toh iska asar doosre markets, jaise Nifty ya Sensex par bhi pad sakta hai.
2. Kya VIX mein invest karna sahi hota hai ya nahi?
VIX mein direct investment nahi kiya ja sakta, lekin VIX-based instruments jaise VIX futures aur ETFs available hain. Agar aapko lagta hai ki market mein volatility badhne wali hai, toh aap VIX futures ya ETFs ka upyog kar sakte hain. Lekin yeh highly risky hota hai, isliye beginners ke liye recommended nahi hai.
3. Kya VIX ke basis par longterm investment decisions liye ja sakte hain?
VIX ka focus short-term volatility par hota hai, isliye yeh longterm investment decisions ke liye useful nahi hota. Longterm investors ko market ke fundamentals aur economic indicators par focus karna chahiye, VIX par nahi. VIX zyada tar short-term risk aur uncertainty ko dikhata hai.
4. VIX ka impact commodities aur currencies par kya hota hai?
VIX badhne par commodities (jaise gold) aur safe-haven currencies (jaise USD, JPY) ka demand badh jaata hai, kyunki investors risk se bachne ke liye inme invest karte hain. Jab VIX low hota hai, toh riskier assets jaise equities ka demand zyada hota hai.
5. VIX aur Fear Index ek hi cheez hain?
Haan, VIX ko hi Fear Index kaha jata hai. Yeh naam isliye diya gaya hai kyunki VIX jab badhta hai toh iska matlab hota hai ki market participants market ke future ko lekar dar rahe hain ya unhe uncertainty hai.
6. Kya VIX sirf equities market ke liye hota hai?
VIX primarily equities market (Nifty50) ke liye hota hai, lekin kuch alag-alag VIX versions bhi hain jo specific markets ke liye hain. Jaise ki India VIX, jo Indian stock market ke volatility ko naapta hai, aur Oil VIX, jo oil market ke volatility ko dikhata hai.
7. Kya high VIX ka matlab hamesha market crash hota hai?
High VIX ka matlab hamesha market crash nahi hota, lekin yeh batata hai ki market mein volatility zyada hai aur koi bada event ho sakta hai. High VIX risk aur uncertainty ko reflect karta hai, lekin iska matlab ye nahi hai ki market hamesha neeche jayega.
8. Kya VIX aur implied volatility ek hi cheez hain?
VIX implied volatility ke upar based hota hai, lekin ye dono alag concepts hain. Implied volatility ek stock ya option ki price movement ko predict karta hai, jabki VIX poore Nifty50 index ke volatility ko naapta hai. VIX, multiple options ke implied volatility ka collective measure hai.
9. VIX kab calculate kiya jaata hai?
VIX realtime calculate hota hai aur market ke khule hone ke samay continuous update hota rahta hai. Jab bhi Nifty50 ke options ki price mein koi change aata hai, VIX accordingly update hota hai.
10. Kya VIX ka koi seasonal pattern hota hai?
Haan, kabhi kabhi VIX mein seasonal patterns dekhe ja sakte hain. Jaise financial year end ya important global events (elections, budget announcements) ke time par VIX zyada ho sakta hai. Holidays ke aaspaas ya off-seasons mein VIX low reh sakta hai, kyunki trading volume kam hota hai.
In sawalon ke madhyam se apko VIX ke aur bhi aspects ko samajhne ka mauka milta hai jo sabhi traders ke liye useful ho sakte hain.
Conclusion:
VIX ek aisa powerful tool hai jo market ke mood ko naapta hai. Agar aap market ki volatility ko samajhna chahte hain aur uske according apne investment decisions lena chahte hain, toh VIX ko dekhna zaroori hai.
Iska sahi tarike se upyog karke aap apne portfolio ko better manage kar sakte hain aur short-term opportunities ka fayda utha sakte hain.
Lekin, hamesha yaad rakhein ki VIX trading risky hoti hai, isliye isme proper research aur risk management zaroori hai.
